# Building Block Concepts of Costing Systems Quiz Questions and Answers 37 PDF Download

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## Quiz on Building Block Concepts of Costing Systems Worksheet 37 Quiz PDF Download

Building Block Concepts of Costing Systems Quiz

MCQ: Process of assigning direct or indirect cost to any cost object is known as

1. cost assignment
2. cost expectation
3. event assignment
4. probability assignment

A

Estimating Cost Function using Quantitative Analysis Quiz

MCQ: Weak relationship between cost and cost driver is indicated on a regression line, which is

1. curved
2. slightly sloped
3. completely sloped
4. dotted

B

Cost Variance Analysis & Activity Based Costing Quiz

MCQ: An unfavorable volume-production variance is used to measure amount of

1. fixed setup cost
2. total setup cost
3. variable setup cost
4. total overhead cost

A

Accounting: Operating Income Quiz

MCQ: Fixed cost is added to target operating income and then divided to contribute margin per unit to calculate

1. quantity of units required to sold
2. selling of units
3. sold units
4. contributed units

A

Economic Value Added Quiz

MCQ: If current assets are \$250000 and current liabilities are \$135500, then working capital would be

1. \$3,855,500
2. \$314,500
3. \$214,500
4. \$114,500

D